Carly borrowed $450 from Jenn on August 24 at an interest rate of 11%. On January 11 of the following year, Carly repaid the loan with interest. How much interest should she have paid?
A) $22.81
B) $12.38
C) $21.63
D) $18.99
E) $90.87

Question

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The Answer of Carly borrowed $450 from Jenn on August 24 at an interest rate of 11%. On January 11 of the following year, Carly repaid the loan with interest. How much interest should she have paid?
A) $22.81
B) $12.38
C) $21.63
D) $18.99
E) $90.87

Carly Borrowed $450 from Jenn on August 24 at an Interest